Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper

One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.

These players engaged into the business known as the pre-paid payment instruments (PPI) work as mobile and digital wallets.  While as many as 45 PPI players have started offering services, it is only a handful of operators which have been aggressively ramping up and marketing their operations.

“However, the demonitisation has come about as a big opportunity for them. It is not only during this immediate cash crisis period that the PPIs would see a huge growth, but going forward also, the system would penetrate into the very small kirana stores as well; it would not be a surprise if well-run road side dhabas also start accepting bills through mobile wallet players,” said ASSOCHAM Secretary General Mr D S Rawat.

Offering the stored value service to the customers, the non-bank PPI issuers are allowed by the Reserve Bank of India (RBI) to enable transactions for purchase of goods and services besides remitting payments out of the mobile wallets. The wallet-to-wallet transactions would also see a big growth.

“Given the thrust being given by the government to move towards the less-cash economy, the private sector PPIs is expected to invest lot more in product innovation and expand the reach through roping in both the customers and the merchants. Needless to say, at the merchants level a lot of sensitization, training and cyber security would be required,” the chamber said.

These players are using the increasing mobile density to offer the services through the hand set.  Besides, the PPIs, other electronic transactions and services devices would be offered aggressively even by the banks, who are presently bearing the brunt of cash swapping, it said.

The banks would offer on an enhanced scale mobile banking services through SMS, USSD (Unstructured Supplementary Services Data) and applications (Apps).  Presently, according to RBI data, as many as 67 banks are offering mobile services to 120 million customers. “This number is going to grow significantly,” the ASSOCHAM said.

With the launch of Unified Payments Interface (UPI customers can provide only a registered virtual address instead of details of bank accounts for making/receiving payments “However, the banks must use the App based UPI more aggressively as it can really be a game changer,” Mr Rawat said.

 

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Dutch Business delegation visits India – 13th – 18th November

As part of the Amsterdam India Business journey, 13th-18th November 2016, A Dutch business delegation visited  India to attract Indian businesses and knowledge institutions to the Amsterdam Metropolitan Area. An over 20-member delegation visit Mumbai and Pune essentially to explore opportunities in business active sectors like agrifood, food processing, automotive and the creative industry. The delegation was led by the Minister of State of Noord-Holland, Mr. Jaap Bond.

 

Mr. Jaap Bond, feeling confident of a fruitful visit and a progressive future, feels – ‘The Netherlands and India have a special bond that goes back centuries. Today’s relationship between the Netherlands and India is driven by modern sectors such as ICT, the life sciences and logistics. Many major Dutch companies already have a successful and growing presence in India. Likewise, about 180 Indian companies are currently active in the Nether­lands, over half of which are based in the Amsterdam Metropolitan Area. However, we see many opportunities to strengthen our ties even more. There is huge potential for Dutch businesses in India. As the delegation leader, I feel confident that this delegation – comprised of representatives of the Dutch business community, knowledge institutions and the local government – will bring our two countries even closer with even more economic and other opportunities for both. International talent is a key driver for attracting companies and investors. That makes attracting and retaining talent an important objective for us.

 

 

 

RIPL to organize seminar on Building Information Modelling (BIM) and launch of ARCHICAD

Indian real estate and infrastructure industry is in advancement stage where an effective implementation of technology can make the industry more systematic, transparent, progressive, and canenable on timely completion of the projects. To hone ACE Industry professionals’ skills, Rudrabhishek InfosystemPvt Ltd (RIPL) is coming up with a conference on Building Information Modeling (BIM) and also re-launching ARCHICAD in Indian market. The event will be jointly organized by RIPL andGraphisoft Budapest, Hungry whichwill take place at The Habitat Centre, New Delhi on 22nd November 2016.

 

 

This conference aims to bring together the government officials, educationalists and BIM Industry experts around the region to present and discuss on the latest development in BIM Technology and its dynamicimpact on Designing Architectural Engineering and Construction Industry.It will provide an opportunity to all delegates, professionals, studentsand young investigators to attend and learn new practices.

 

Ms Soumya Das, Director, RIPL said “RIPL and Graphisoft have Collaborated on multiple fronts. This strategic partnership would be a highly effective way to build business, boost brand awareness and break into new markets. With this new ARCHICAD we will bring innovation in the entire ACE industry. We will  primarily work in the North and East Region catering to different target groups in the Construction Fraternity and will enhance the usage of Archicad BIM to different parts of the country”.

 

The event will be inaugurated by the Chief Guest Shri S C Gaur, CAP Agra Development Authority (Ex CAP Noida Development Authority), Highlighting and encouraging the adoption and implementation of BIM TECHNOLOGY IN THE CONSTRUCTION Industry along with Ms Soumya Das (Director RIPL), Mr Laszlo Toke (International Sales, Graphisoft) along with Guests of Honour- S M Akhtar (Dean, JamiaMilia), Mr. Manoj Mathur (HOD ARCHITECTURE SPA, New Delhi ), Col N Krishna Rao (Director Projects , VNC).

 

Some of the prominent guests who will attend the event include dignitaries and keynote speakers like acclaimed Educationalist Dr. V K Paul (HOD BE & M, SPA New Delhi) , Ramesh Sharma BIM Expert, MsRuchi Misra ( Architect) , S N Tripathi ( Services Expert), Sandeep Sharma (PMC Expert),  and many more

renowned  personalities across the Region. We have prominent guests like Mr Pradeep Misra (CMD REPL Group) and Mr P N Misra (Retd VC GDA,ADA,LDA) amongst us. We also have MsEnikoPauko from Graphisoft, Hungary as implementation

 

 

RIPL will have the marketing and distribution rights of Archicadfor Northern, Eastern and N-E India, viz., Uttar Pradesh, Punjab, Haryana, Himachal Pradesh, Jammu Kashmir, Uttarakhand, Bihar, Odisha, West Bengal, Jharkhand, Chhatisgarh, Union Territories of Chandigarh, National Capital Territory of Delhi and NE states.

Aaj Tak is not just the no.1 News Channel but also the no.1 TV Channel

Aaj Tak, the Nation’s No.1 News Channel consolidates its dominance and repeats its surgical strike weeks performance by becoming the No. 1 TV Channel again in the Demonetisation week as per the latest BARC data leaving behind GEC and Movie channels including Colors, Zee Cinema, Sony Max, Star Plus, Zee TV and Sony Ent (SOURCE:- BARC, Mkt:- HSM, TG:- 15+ NCCS AB, Wk-45’16, Cov(in millions).

 

Aaj Tak also had a massive lead in the news genre with 25 % market share on coverage of the demonetization post PM Modi’s announcement (Source – BARC, HSM, TG – 15+ NCCS AB, 08th Nov’16, Time Band – 20:00 – 24:00, Share %). The leadership of the channel is well pronounced by the fact that the No.2 Hindi News channel in that band is trailing far behind at only 16 % market share. And India TV at less than half at 12%.

 

The bold move by the PM to tackle black money was followed closely by the whole nation as people followed the news on the Nation’s most trusted and No. 1 news channel, Aaj Tak. Multiple show formats, live updates from the ground, discussions with the top experts in studio and live updates on the developments kept the nation glued on to Aaj Tak.

 

In addition to the coverage around demonetization, Aaj Tak has ruled as the clear No. 1 Hindi News channel during weeks of other impact making national news events including the Bhopal Encounter, Surgical Strikes on terrorist camps, Uri Attack, Pathankot terrorist attack and Yakub Memon hanging among many others.

 

Commenting on the ratings, Mr. Ashish Bagga, Group CEO – India Today Group said “The preference for Aaj Tak amongst News viewers is evident every time any major national news breaks. The fact that Aaj Tak is ahead of all channels during important news events highlights the trust that viewers place on the channel. We value their confidence in the brand and will continue to stay true to the promise of being Sabse Tez.”

Discovery Networks Asia-Pacific announced the launch of an originally created public service announcement

In support of an ongoing commitment to save the world’s most endangered species, Discovery Networks Asia-Pacific announced the launch of an originally created public service announcement. Narrated by actor Edward Norton, the public service announcement will air on Discovery’s channels across Asia Pacific to help raise awareness and stem the illegal trade of endangered species products.

Discovery first revealed this public service announcement at the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in September. It was part of a multiplatform campaign to raise awareness and reduce demand for illegally sold animal products. The call is for global communities to be more informed when making purchases. Ignorant buying unknowingly fuels the illegal wildlife trade as the desire to own something rare and unusual – from souvenirs and novelties to trinkets and fashion – has resulted in the poaching, slaughter and decimation of many animal species.

For the airing of the PSA in Africa and Asia Pacific, Discovery is partnering with United Nations (UN) Environment and the Wild for Life campaign, which launched in May 2016. #WildforLife aims to mobilise millions of people to participate in the process of making commitments and taking action against illegal wildlife trade.

Erik Solheim, Head of UN Environment, said, “As we are all well aware, the illegal trade in wildlife is pushing species to the brink of extinction. We urgently need to change attitudes and mobilize people to stop this tragedy. But crucially, we also need the next generation to be more responsible consumers and caring custodians. To accomplish this, we need to join forces across public and private sectors. That’s why we’re so pleased to work with Discovery Communications in efforts to halt the illegal trade in wildlife. The trade is accelerating the destruction of our natural world, but we can stop it together.”

Arthur Bastings, President and Managing Director, Discovery Networks Asia-Pacific said, “Discovery is a purpose-driven company and we have been at the forefront of efforts to raise awareness of species conservation for over 30 years. Protecting and showcasing the beauty that our planet has to offer is deeply important to us and we are thrilled to be able to share this important message with audiences in Asia. The support of our partners in this effort has been invaluable and we are hopeful that together we can help put an end to this global issue.”

Ted Osius, the U.S. Ambassador to Vietnam said, “The Hanoi Conference on Illegal Wildlife Trade is an opportunity for the global community to worktogether to implement solutions to address wildlife trafficking. By hosting this conference, the Vietnamese Government is engaging world leaders, non-government organisations and the private sector to collectively make a positive difference for the planet.”

 

According to the Wildlife Conservation Society, wildlife trafficking today is estimated to be the fourth largest illegal trade in the world after drugs, human, and weapons trafficking, worth some US$19 billion annually (excluding fish and timber).

Discovery presents GOLD RUSH

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Since antiquity, Gold has been the most cherished metal known to mankind. India’s passion for the yellow metal remains unparalleled.  While an approximate 30% of world’s gold production is consumed by Indians; it produces only a fraction of its consumption and is the largest importer of Gold.

Gold mining has been a risky business – where one wrong move can cost a crew millions of dollars. Powered by magnetic storytelling and compelling characters, Discovery brings its highly acclaimed series GOLD RUSH where the miners take on greater risks in hopes of finding more gold than ever before. But not every gamble always pans out with massive profits.

With a mix of high-stakes drama and gripping story, GOLD RUSH will air every Tuesday at 10 PM starting November 15.

Returning from a record-breaking gold mining season is 21-year-old miner Parker Schnabel. The series begins with a sad start for Parker as he has lost his beloved grandfather, mentor and an expert miner – John Schnabel. In this reality series, Parker who attains the leadership role, will be tested more than ever as he navigates the many changes in his life. This year, he makes his biggest operational investment by ordering a customized $600,000 washplant. But will it be enough to beat out his rival Todd Hoffman? Parker’s gold mining plan is to go lean and mean on expenses in an attempt to make his biggest profit yet.

Meanwhile, the competitor Todd Hoffman takes the biggest gamble of his life, turning his back on the Klondike region and moving his entire operation to Oregon (US). Todd is on a quest for huge gold nuggets at the High Bar mine, located high up in the mountains. It’s a bold move – with Todd so confident that he sets an ambitious 5,000 ounce goal – more than 2,000 ounces than his best-ever total in the previous seasons of Gold Rush. But with the first Oregon clean ups way below expectations, Todd begins to wonder if he’s made a massive mistake. Could this season mark the end of the Hoffman crew?

In this season of Gold Rush, legendary Klondike miner Tony Beets, aka “The Viking,” is back and doubling down by investing $2 million in resurrecting a second historic gold dredge – twice as big as his first.  Last year, people thought he was crazy for investing in his first ancient dredge. But Tony is hoping that once again he can accomplish the impossible. But first, he must transport the 75-year-old abandoned dredge from a remote spot 150 miles down-river. He’ll need his family to step up to the plate and run the rest of his gold-mining empire. But when his first dredge sinks within days, Tony’s son, Kevin, finds himself in his father’s firing line.

In advance of the new season of GOLD RUSH, beginning November 15, Discovery viewers can binge on prior seasons with a special ‘Story So Far’ at 10 PM.

 

This year’s Gold Rush season is filled with the same excitement, as miners have upped the ante by setting up higher goals. This season the miners will take on even greater risks in hopes of finding more gold than ever before.

Gold Trivia:

  1. Amongst the top gold producing countries in the world, China is in the lead in first place followed by Australia, Russia in third and United States holding fourth place.
  2. Canada’s Barrick Gold Corp. (TSE:ABX) holds first place in global ranking in gold production.
  3. Gold is one of the most recycled materials in the world. Amazingly gold recycling accounts for one third of the total production.
  4. United States tops the reported official holdings in the world. (source: IMF IFS; World Gold Council, Dec 2015).  US holds 8,133.5 tonnes of Gold, whereas India ranks at no. 11 with 557.7 tonnes.
  5. In India, besides fascination for gold jewellery, it is considered the most pious metal. This charm is validated by the fact that India is the biggest importer of gold today.
  6. USA’s fascination with Gold Mining dates back to 1848 when the famous California Gold Rush happened. Miners extracted more than 750,000 pounds of gold during the California Gold Rush.
  7. ‘Klondike’ marks the story of the last great Gold Rush in history. In 1897 two friends made the perilous journey through North American wilderness to the Klondike boom town Dawson City, “The Paris of the North”, which was  filled with murders, revenge, riches and redemption.
  8. Gold mining always catches the attention of individuals, probably that’s the reason Discovery’s popular series Gold Rush has been the highest rated show not only in US but across the world.

Catch all the action of Discovery’s popular series GOLD RUSH every Tuesday at 10 PM.

CII National Conference on Vaccine Industry in India

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While addressing the inaugural session of the CII National Conference on Vaccine Industry in India “Reforms required for early accessibility, growth & sustained competitiveness” on 10th November 2016 at New Delhi, Mr CK Mishra, Secretary, Ministry of Health & Family Welfare, Government of India, said that the entire Indian Healthcare industry has to get involved for an effective healthcare delivery in India; and we must move from “Health for All” to “Health By All”, whereby the vaccine industry has a critical transformational role to play. Indian Government is fully geared to provide an enabling regulatory environment which would facilitate in creating a comprehensive national healthcare delivery system.

Further, Mr C K Mishra lauded the efforts of Indian vaccines players in leaving a mark on global landscape as leading supplier of vaccines to world, and said that it is encouraging to witness that there has never been an instance of shortage of vaccines in India primarily on account of successful implementation of our Mission Indradhanush.

Mr Mishra also stated that the domestic vaccines manufacturers should accord prime importance in meeting domestic demand; upscale R&D related work, and also take initiative in developing critical vaccines such as PCV and HPV. The Health Secretary said that the Government is committed to putting together resources for Mission Indradhanush. Besides, he stressed that both industry and government should continue nurturing the symbiotic relationship thereby taking vaccine industry to a higher level.

Mr KL Sharma, Joint Secretary, Ministry of Health & Family Welfare, Government of India called for the industry to submit specific recommendations within a fortnight, and assured a speedy response by the Government. Expressing optimism in capability of Indian vaccine industry, Mr Sharma said that this niche sector is going to be game changer, and Indian government is proud of its achievements.

Responding to CII’s call for a Single Window System and ease in Clinical trial regulations, Dr G N Singh, Drug Controller General of India, Central Drugs Standard Control Organization, Government of India, announced formation of an Expert Group to examine the regulatory issues. This Expert group to be formed with CII would work towards a speedy resolution of issues in vaccines in time-bound manner without compromising critical aspects like quality, patient safety and patient management. Further, Dr Singh, appealed industry to chalk out a mechanism for Post Marketing Survey (PMS) so that hospitals will have a proper survey mechanism in place.

Earlier, Dr Rajesh Jain, Joint Managing Director, Panacea Biotech Pvt. Ltd, and Convener of the Conference, while delivering Welcome address, urged Government  to setup a “Regulatory Innovation Cell” and also requested for minimize unnecessary paper work, maximize innovation, capitalize Mission Indradhanush by developing vaccines faster which are accessible for our country’s National Immunization Program in a timely manner.

Dr Suresh Jadhav, Executive Director, Serum Institute of India Ltd., said that this is a historical day when the senior officials of Health Ministry, regulators, and vaccine manufacturers, came together to address the issues to expedite the vaccines availability.